SunSwap exchange on the TRON network reduces fees by 99%
It will cost less than 2 TRX to complete a transaction
18.09.2024 - 09:08
2347
3 min
0
What’s new? SunSwap, a leading decentralized crypto exchange (DEX) on the TRON blockchain, has reduced transaction fees by 99%. Completing transactions in the protocols of the second and third versions now costs less than 2 TRON (TRX) native tokens, or about $0,3 at the current exchange rate.
What else is known? The innovation was announced by TRON founder and head of centralized crypto exchanges (CEX) HTX and Poloniex Justin Sun. According to him, other fees on SunSwap, aside from transaction completion fees, have been reduced to less than $0,1. “Time to come back!” the businessman urged.
Token Terminal analysts pointed to increased activity on the TRON network. Over the past month, fees totaled $220 million, while the number of transactions and active users totaled 225 million and 14,1 million, respectively.
The most popular applications on the network are those of USDT Tether, an issuer of the USDT stablecoin, and SunPump, a launchpad for SunPump meme tokens. For example, the USDT app on TRON is worth $61,8 billion with 8,3 million senders of the asset per month. On SunPump, the daily number of active addresses is 10 300, with fee income reaching $416 000 over the same period.
TRX is ranked 11th in the overall cryptocurrency ranking by market capitalization with over $13 billion and is trading at $0,1502, unchanged in price overnight. The weekly drop was 1,4%, but the asset has added 40% since the beginning of the year.
According to data from the aggregator CoinGecko, SunSwap V2 has a daily trading volume of $26,15 million. There are 72 coins and 612 trading pairs available on the platform. The most popular asset is SUNDOG. On SunSwap V3, the trading volume is 31,14 million and the platform offers 15 coins and 20 pairs. The most popular asset is USDT.
Earlier this month, Justin Sun announced that SunPump’s proceeds will be used to buy back and burn SUN coins, which will help maintain the asset’s exchange rate.
Useful material?
Market
According to the founder of TRON, the leading US crypto exchange asked for several hundred million dollars for the listing of TRX
Nov 4, 2024
Incidents
The company conducted fictitious trading for six years to inflate the trading volume of tokens of several companies, receiving payment for these services
Nov 1, 2024
Market
1,5 million addresses have already left applications
Oct 31, 2024
Business
The company began investing in bitcoin in 2020, and since then, the value of its securities has risen by 1700%
Oct 30, 2024
Mining
The Deputy Energy Minister explained that in deficit regions, it is impossible to allocate large capacities for industry enterprises until 2030
Oct 30, 2024
Market
Customers will also be able to withdraw funds to bank accounts using cards
Oct 30, 2024